Family car run from farm partnership and tax

Clive

Staff Member
Arable Farmer
Location
Lichfield
Does anyone know how this works? If a car costs 20k what is tax deductible? Also a double cab pickup is that 100% tax deductible?

depends on % of private use

commercial vehicles like a double cab are eligible for at reclaim, car are not (except in a couple of very specific situations like a “pool car” or driving instructor, taxi or hire co etc)

if unsure ring HMRC they are really helpful
 

jon9000

Member
Location
yorkshire
Ok I think the 20 k would have a w d a of 8% so 1600 pounds
2/5 of this would be private use so 640 added back on so..... 960 eligible for Capitol allowances? Is that correct?
 

Nearly

Member
Location
North of York
I've spent 6 months looking for a red d2 commercial and then accountant says he can argue that one of my red d2 cars can be totally business use as I have exclusive use of another car, another red d2, for my personal mileage.
Perhaps this classes the work car as a pool car?
I'm talking £2k cars though, not £20k cars.
The red d2 van might be going into the shed yet or get some fatty tyres on to use as a quad!
received_730043970813392.jpeg
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 105 40.7%
  • Up to 25%

    Votes: 94 36.4%
  • 25-50%

    Votes: 39 15.1%
  • 50-75%

    Votes: 5 1.9%
  • 75-100%

    Votes: 3 1.2%
  • 100% I’ve had enough of farming!

    Votes: 12 4.7%

May Event: The most profitable farm diversification strategy 2024 - Mobile Data Centres

  • 1,708
  • 32
With just a internet connection and a plug socket you too can join over 70 farms currently earning up to £1.27 ppkw ~ 201% ROI

Register Here: https://www.eventbrite.com/e/the-mo...2024-mobile-data-centres-tickets-871045770347

Tuesday, May 21 · 10am - 2pm GMT+1

Location: Village Hotel Bury, Rochdale Road, Bury, BL9 7BQ

The Farming Forum has teamed up with the award winning hardware manufacturer Easy Compute to bring you an educational talk about how AI and blockchain technology is helping farmers to diversify their land.

Over the past 7 years, Easy Compute have been working with farmers, agricultural businesses, and renewable energy farms all across the UK to help turn leftover space into mini data centres. With...
Top